U.S. Marshals Hiring Crypto Expert to Manage Massive Bitcoin, Bitcoin Cash, Ethereum and Litecoin Holdings

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The U.S. Marshals Service is ramping up its search for an expert to help organize a trove of crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

The agency is now looking for a contractor who can help seize, maintain, store, sell and dispose proceeds from illegal activities, recovered from criminals who turn to virtual assets because of the perceived anonymity and privacy of transactions.

The USMS is also offering details on just how much cryptocurrency it holds.

Here’s a look at a three-year average of its crypto portfolio, featuring more than $65 million in Bitcoin and $9 million in Ethereum.

Source: United States Marshals Service

The agency wants a manager who can handle the intricacies of crypto asset management such as creating wallets, managing blockchain forks and transferring tokens.

“This includes but is not limited to such activities as accounting, customer management, audit compliance, managing blockchain forks, wallet creation and management, private encryption key generation and safekeeping, backup and recovery of private encryption key material, airdrops, etc., as well as future actions associated with the virtual currency forfeiture process.”

The contract will be for one year, but can be extended for an additional four years if necessary.

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